Global investment bank Goldman Sachs has released a report highlighting its top picks in the US lodging sector ahead of the upcoming earnings season. The report, which serves as a guide for investors, has identified Marriott International, Hilton Worldwide, and InterContinental Hotels Group as the top stocks to watch.
The selection was based on factors such as revenue growth potential, operational efficiency, and market trends. According to Goldman Sachs analysts, the US lodging sector is poised for significant growth due to increasing demand for travel and tourism.
Marriott International, the world's largest hotel chain, has been a strong performer in recent years, with a market capitalisation of over $60 billion. Hilton Worldwide, another major player in the sector, has also seen significant growth, driven by its expansion into new markets and increase in brand recognition.
InterContinental Hotels Group, which owns several popular brands including Holiday Inn and Crowne Plaza, has also been identified as a top pick due to its strong financial performance and strategic investments in emerging markets.
The report has sent shockwaves through the markets, with shares in the selected companies seeing a surge in trading activity. Analysts expect the sector to continue to grow in the coming years, driven by increasing demand for travel and tourism.